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You are here: MacNN Forums > News > Tech News > Samsung exec rejects chance of post-HTC talks with Apple

Samsung exec rejects chance of post-HTC talks with Apple
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MacNN Staff
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Nov 14, 2012, 04:06 AM
 
Despite recent developments, Samsung still doesn't intend to negotiate for an out-of-court settlement with Apple, says the head of Samsung's mobile and IT division, Shin Jong-kyun. "It may be true that HTC may have agreed to pay 300 billion won [$276 million US] to Apple, but we don't intend to [negotiate] at all," he tells reporters. Neither Apple nor HTC have announced the exact financial details of their settlement; Shin is likely referring to analyst estimates that HTC will be paying Apple $6 to $8 per phone in licensing fees, which could amount to between $180 million and $280 million in 2013.

The HTC deal came largely as a surprise, and has fueled speculation that other settlements could be around the corner. Apple CEO Tim Cook has previously expressed a willingness to settle, in contrast to the more aggressive stance taken by his predecessor, Steve Jobs. Samsung though has already suffered a major legal defeat at Apple's hands, and may not be in a good negotiating position.
     
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Nov 14, 2012, 04:23 AM
 
In denial
     
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Nov 14, 2012, 06:06 AM
 
"pay 300 billion won [$276 million US] to Apple" I think that should read 300 million, not billion.
     
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Nov 14, 2012, 09:35 AM
 
Originally Posted by Dave Sidaway View Post
"pay 300 billion won [$276 million US] to Apple" I think that should read 300 million, not billion.
Since 300 million South Korean won converts to about $US 276,000, I'd say you're wrong.
     
   
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